Sezzle Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

SEZL$150.84+0.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	As of
	March 31, 2025	December 31, 2024
(in thousands, except per share amounts)	(unaudited)	(audited)
Assets
Current Assets
Cash and cash equivalents	$88,893	$73,185
Restricted cash, current, including amounts held by variable interest entity (“VIE”) of $7,088 and $4,096, respectively	14,942	4,850
Notes receivable	167,150	190,665
Allowance for credit losses	(20,522)	(26,103)
Notes receivable, net, including amounts held by VIE of $136,106 and $152,174, respectively	146,628	164,562
Other receivables, net	3,263	3,629
Prepaid expenses and other current assets	12,219	11,393
Total current assets	265,945	257,619
Non-Current Assets
Internally developed intangible assets, net	2,404	2,442
Operating right-of-use assets	768	800
Restricted cash, non-current	17,034	20,275
Deferred tax asset, net of $3,841 and $3,742 valuation allowance, respectively	11,616	16,905
Other assets	307	331
Total Assets	$298,074	$298,372
Liabilities and Stockholders' Equity
Current Liabilities
Merchant accounts payable	$65,380	$68,967
Other payables	10,239	7,455
Deferred revenue	4,126	4,234
Other current liabilities	21,854	25,021
Total current liabilities	101,599	105,677
Non-Current Liabilities
Operating lease liabilities	791	823
Line of credit, net of unamortized debt issuance costs of $910 and $1,008, respectively, held by VIE	69,890	103,992
Other non-current liabilities	32	45
Total Liabilities	172,312	210,537
Commitments and Contingencies (see Note 8)
Stockholders' Equity*
Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,072 and 34,786 shares issued, respectively; 33,965 and 33,735 shares outstanding, respectively	192,703	188,589
Treasury stock, at cost: 1,107 and 1,051 shares, respectively	(11,835)	(9,391)
Accumulated other comprehensive loss	(1,495)	(1,588)
Accumulated deficit	(53,611)	(89,775)
Total Stockholders' Equity	125,762	87,835
Total Liabilities and Stockholders' Equity	$298,074	$298,372

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.